Tag: US

EV battery giant LG Energy Solution upbeat on N.America market outlook

Sees limited impact on battery prices from drop in EV prices Sees demand for US-made batteries continuing to grow In talks with Tesla, other EVs to supply batteries from proposed Arizona plant SEOUL, Jan 27 (Reuters) – Battery maker LG Energy Solution (LGES) (373220.KS) said on Friday demand for electric vehicle (EV) batteries in North …

EV battery giant LG Energy Solution upbeat on N.America market outlook Read More »

BuzzFeed soars on reports of Meta deal, plans to use OpenAI

Jan 26 (Reuters) – Shares of BuzzFeed Inc (BZFD.O) jumped on Thursday on reports of a deal with Meta Platforms Inc (META.O) and plans to use artificial intelligence to personalize and enhance the digital media firm’s online quizzes and content . The stock was 19% higher in extended trading, after more than doubling in value …

BuzzFeed soars on reports of Meta deal, plans to use OpenAI Read More »

US inflation roller coaster prompts fresh look at long-ignored money supply

NEW YORK, Jan 26 (Reuters) – The amount of money sloshing around the US economy shrank last year for the first time on record, a development that some economists believe bolsters the case for US inflation pressures continuing to abate. The Federal Reserve’s main measure of the nation’s money stock – known as M2 money …

US inflation roller coaster prompts fresh look at long-ignored money supply Read More »

Prosus, Naspers cutting 30% of jobs at corporate offices

AMSTERDAM, Jan 25 (Reuters) – Prosus NV (PRX.AS) and its South African parent Naspers (NPNJn.J) are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. The companies are the latest major technology-based firms to make layoffs, after Google parent Alphabet’s big cuts announced last week. “We are adapting to …

Prosus, Naspers cutting 30% of jobs at corporate offices Read More »

Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells

Jan 24 (Reuters) – Tesla Inc (TSLA.O) said on Tuesday it would invest more than $3.6 billion to expand its Nevada Gigafactory complex with two new factories, one to mass produce its long-delayed Semi electric truck and the other to make its new 4680 battery cell. The cell plant would be able to make enough …

Tesla plans $3.6 bln Nevada expansion to make Semi truck, battery cells Read More »

Watch RocketLab’s Electron rocket launch from NASA’s Wallops Flight Facility in Virginia

First launch of Electron rocket out of NASA’s Wallops Island, VA Facility Rocket Lab debut launch from NASA’s Wallops Island, Virginia Facility. This is the moment in which the The first launch of an Electron rocket out of the USA, HawkEye 360. Courtesy Rocket Lab’s YouTube Stream. The first launch of an Electron rocket out …

Watch RocketLab’s Electron rocket launch from NASA’s Wallops Flight Facility in Virginia Read More »

US FDA proposes shift to annual COVID vaccine shots

Jan 23 (Reuters) – The US health regulator on Monday proposed one dose of the latest updated COVID-19 shot annually for healthy adults, similar to the influenza immunization campaign, as it aims to simplify the country’s COVID-vaccine strategy. The US Food and Drug Administration also asked its panel of external advisers to consider the usage …

US FDA proposes shift to annual COVID vaccine shots Read More »

Feds seized nearly $700 million from FTX founder Bankman-Fried

Jan 20 (Reuters) – Federal prosecutors have seized nearly $700 million in assets from FTX founder Sam Bankman-Fried in January, largely in the form of Robinhood stock, according to a Friday court filing. Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, …

Feds seized nearly $700 million from FTX founder Bankman-Fried Read More »

US home sales slump to 12-year low; Glimmers of Hope Emerging

Existing home sales drop 1.5% in December Sales fall 17.8% in 2022, sharpest annual decline since 2008 Median house price rises 2.3% from year ago WASHINGTON, Jan 20 (Reuters) – US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be …

US home sales slump to 12-year low; Glimmers of Hope Emerging Read More »